Opalesque Industry Update - Hedge Fund Strategy Highlights
Equity markets and hedge funds closed 2013 on a positive note despite a rocky start to the month of December. The GGHF ended December up +0.94%, reflecting the strength in the equity markets. The S&P500 ended December up +2.53% for the month and up +32.4% for the year. The MSCI World Price Index ended December up +2.01% for the month and up +24.10% for the year.
Event-Driven funds were the best performing strategies this month up +1.34% followed closely by the Futures strategies which were up + 1.26%.
All eight major hedge fund strategies ended December firmly in positive territory. Futures funds continued their turn around with their best performance of Q4 ending the month of December up +1.26%.
Year to date, Global Hedge Funds are up 8.99%. Long-short Equity continues to be the best performing strategy (+14.41%) followed by Event Driven funds (+14.04%).